Money where their mouths are…

The South African Insurance Association (SAIA) and the Financial Services Board (FSB) have signed a memorandum of understanding to formalise a partnership concerning consumer education.

In terms of this partnership, three projects will be implemented jointly by the SAIA and the FSB in 2005, and financially supported to the tune of R4m.

The first project addresses financial literacy training in schools, the second financial literacy in the rural areas, and the third financial literacy training amongst commuters all over South Africa.

Also involved in the projects the Delta Environmental Centre (DEC), together with their printing partners Information Handling Services (IHS), will develop and publish resource material in the form of an edition of EnviroTeach on Financial Literacy based on the Further Education and Training Curriculum 2006, which will be distributed to all schools in the country.

This will be accompanied by the training of educators by DEC during which the EnviroTeach and the various FSB and SAIA consumer education materials will be used as resources.